
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp is positioned for a positive outlook as the anticipated rise in the methanol floor price to $280 per metric ton is supported by an improved forecast for Chinese thermal coal and foreign exchange conditions. The company's ability to achieve an average selling price (ASP) premium, which increased from $56 in Q1 to $80 in Q2, demonstrates its effective pricing strategy and market demand strength. Furthermore, Methanex consistently realizes prices above its weighted-average spot price due to a successful contracting strategy, suggesting robust revenue potential despite fluctuations in the market.
Bears say
The financial outlook for Methanex Corp appears negative due to low Q3 EBITDA, which has adversely impacted balance sheet leverage and diminished the effectiveness of share buybacks on valuation. Furthermore, the expected decline in the average selling price over spot premium to $51 in Q3 reflects persistent weakness in methanol prices, signaling a challenging market environment. Additionally, a notable decrease in monthly methanol loading for export, alongside various indicators of weak demand such as low acetic acid prices in China and struggling plant economics, contribute to concerns about oversupply in the methanol market.
This aggregate rating is based on analysts' research of Methanex and is not a guaranteed prediction by Public.com or investment advice.
Methanex (MEOH) Analyst Forecast & Price Prediction
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